Barry Silbert, the founder of Grayscale Investments, a digital asset management firm owned by Digital Currency Group, sees most digital tokens ultimately heading to zero. “Almost every ICO was just an attempt to raise money but there was no use for the underlying token,” Silbert said in a recent phone interview with CNBC. “The vast majority of what’s […]SludgeFeed

Canadian messaging app company Kik Interactive Inc. is planning to take the SEC to court over a potential enforcement action against Kik’s 2017 initial coin offering (ICO) of the Waterloo, Ontario-based tech company’s proprietary cryptocurrency, Kin. A Kik representative told CCN the stakes are high for the entire cryptocurrency industry: We are unsure of how

By CCN.com: Kevin Dowd is a Professor of Finance and Economics in the Business School at Durham University, Northeast England, and the co-author of the 2015 paper “Bitcoin Will Bite the Dust,” along with market analyst and author, Martin Hutchinson, for the libertarian Cato Institute in Washington DC. CoinDesk published an op-ed by Dowd Monday,

“The point is to get people to think about bitcoin, not spend it. I don’t think it’s good for that. It’s not meant to be used like cash,” Jeremy Gardner, founder of Ausum Ventures, advised me.

“Satoshi created a decentralized store of value,” probably encapsulates his thesis that bitcoin is best unspent — better to hoard it like gold. To Gardner, using it as a currency is not only impractical. It is counterintuitive.

Renowned hedge fund manager Jeffrey Vinik has dismissed the pot stock craze, describing cannabis investment as overrated and likely to suffer from squeezed margins. Speaking on CNBC’s Squawk Box on January 10, Vinik also revealed that bitcoin currently accounts for “zero percent” of his investment portfolio. Returning to the hedge fund scene after a five-year hiatus, the

On December 6, Valve made the decision to remove the $ 14.99 price tag attached to Counter-Strike: Global Offensive (CS:GO). Early data now shows that this move to free-to-play (FTP) has been a smart one, as average user numbers are currently up over 30% since November to 409,636. According to the data, concurrent users hit a peak […]SludgeFeed

The Dow Jones Industrial Average and other major stock market indices have posted steep declines during the second trading day of 2019, extending a downturn that saw them post their worst December returns since 2008. According to the top economist at Canadian wealth management firm Gluskin Sheff, these losses may have only been the beginning.

Crypto social media personality Trevon James, who was intimately involved in the promotion of the HYIP scheme BitConnect, which eventually led to law enforcement and legal action, says, in his infinite wisdom, that the Bitcoin price will be at $ 0 in ten years. 10 Years from now it won't matter if you bought Bitcoin at

Alexis Ohanian, the co-founder of Reddit and part-owner of the world’s most valuable esports team Cloud9, believes that blockchain gaming is going to be big. Ohanian shared this revelation in a tweet on Thursday where he shared a recent thought piece by Peter Kieltyka, the co-founder of Horizon Blockchain Games. This is gonna be big.A New […]SludgeFeed

The cryptocurrency community expected a tight hash power battle between Bitcoin Cash (BCH) and Bitcoin Cash (SV) on November 15. But, with a decisive win and an anti-climactic result, BCH came out the winner. Bitcoin.com, a company owned by Roger Ver, saw its hash rate spike to 4 exahash, easily surpassing the entire computing power

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Ripple XRP has been outperforming the top coins lately and just passed Ethererum’s market cap of 22 billion.

The upward spike was mainly due to an announcement of a new product called xRapid. An executive at Ripple told the public that they’re getting ready to launch xRapid, a new product which is aimed at helping banks enhance the speed of transactions by using the cryptocurrency XRP. According to Ripple, xRapid is set to launch sometime in mid-October.

Switzerland is one of Europe’s most pro-crypto countries. Home of Zug, affectionately known as Crypto Valley, Switzerland are spearheading numerous moves to cryptocurrency adoption, and are also fostering a very healthy mining industry too. As Switzerland have their own FIAT currency already, it is likely that the country will be one of the first to adopt cryptocurrency nationwide, something that could in turn spur on the rest of Europe to do the same thing.

Cryptocurrency exchange Binance has recruited an executive with wide experience in initial public offerings (IPOs) as its chief financial officer. Wei Zhou, who is currently the vice chairman of gay dating platform Grindr, boasts of executive experience running into more than one-and-a-half decades. He began his career at the Hong Kong subsidiary of Goldman Sachs,

The price of Bitcoin (BTC) has entered a stage of uncertainty since the month of May. This has made it difficult for investors and analysts to decide whether the price is still going down or if it has already broken the downtrend. The correction which began in December shows the price to be in a steady decline as shown on the BTC/USD daily chart above. The question now is whether that correction has ended or not.

Thailand’s largest movie theater chain, Major Cineplex, is reportedly integrating crypto payments to allow customers to pay for its services and products with cryptocurrency, including movie tickets and popcorn. Thailand recently began regulating crypto businesses. This week, the Thai Securities and Exchange Commission started accepting license applications from crypto operators.

Largest Cinema Chain in Thailand to Accept Crypto

The largest operator of movie theaters in Thailand is building a digital payment ecosystem in the country through a partnership with Swiss payment company Rapidzpay, the Nation Multimedia recently reported. Read more...

Jim Iuorio, the managing director of TJM Institutional Services believes tougher times await Bitcoin. Speaking to CNBC, Iuorio said Bitcoin was never worth $ 20,000, and the top-ranked cryptocurrency is headed down a slippery slope. Bitcoin is down almost 70 percent from its all-time high of $ 19,500 in mid-December 2017.